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Special Risk Insurance Managers Ltd.

Insurance, Canada, Ontario, Toronto

Special Risk Insurance Managers Ltd. offers specialized insurance solutions for unique risks, ensuring peace of mind for clients with tailored coverage and expert advice.

About Special Risk Insurance Managers Ltd.

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Main Office
Canada, Ontario, Toronto
Official Website
http://www.srim.ca
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FAQs – Special Risk Insurance Managers Ltd.

How does the cash value grow in whole life insurance?

The cash value grows at a guaranteed rate set by the insurer, and some policies also pay dividends that can further increase the cash value. This amount accumulates over time, providing policyholders with financial flexibility, such as borrowing against it or using it to cover future premiums.


Can a parent insure the life of their child?

Yes, a parent can insure the life of their child, as parents have an insurable interest in their children’s lives, based on the financial support and care they provide.


What is the role of a claims adjuster?

A claims adjuster investigates, evaluates, and settles insurance claims, ensuring that compensation aligns with policy terms and damages.


What is the difference between a void and voidable insurance contract?

A void contract is invalid from the start and has no legal effect, while a voidable contract is valid but can be annulled by one party due to misrepresentation, fraud, or breach of contract terms.


Does professional liability insurance cover cyber liability claims?

Most standard policies do not cover cyber liability, but separate cyber liability insurance can be purchased to protect against data breaches and cyber-related claims.


How does collision coverage work if I lease a car?

If you lease a car, your leasing company will likely require you to carry collision insurance along with comprehensive coverage. This ensures that any damage to the vehicle is covered in case of an accident, protecting both you and the leasing company from financial losses.


How does parametric insurance improve disaster recovery?

Because payouts are made immediately after a triggering event, policyholders can access funds quickly for recovery efforts. This reduces financial strain, speeds up rebuilding, and helps communities and businesses recover without waiting for traditional claims processing.


How does captive insurance differ from traditional insurance?

Captive insurance allows businesses to self-insure through a subsidiary, whereas traditional insurance involves purchasing coverage from external insurers who set the terms and pricing.


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